SP had sales of $168,000 in 2006. In 2014, it had sales of $2,300,000. What is the compounded annual growth rate?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.2: Future Values
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SP had sales of $168,000 in 2006. In 2014, it had sales of $2,300,000. What is the compounded annual growth rate?

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